Biometrics 2000, Inc. and Autostar Introduce ``Rain Check'' Software.Business Editors/High-Tech Writers SPRINGFIELD, Mass.--(BUSINESS WIRE)--Jan. 8, 2004 Biometrics 2000 Corporation ("BIO"), a 4-year-old biometrics company with a next generation product line of biometric tactile sense access control devices and advanced fingerprint scanner/verifier hardware and software, announced today that it is introducing "Rain Check" software co-developed with joint venture partner Autostar Technology PTE LTD PTE LTD Private Limited . (AUTOSTAR) a Singapore-based company. Rain Check, introduced in the Taiwan School System, is a software program to integrate a PC-based GSM modem to BioTouch's network for sending out SMS messages based on a time-table. BIO's BioTouch Data Collector runs in the background continuously polling various BioTouch devices to accumulate records. Any person(s) that does not login Signing in and gaining access to a network server, Web server or other computer system. The process (the noun) is a "login" or "logon," while the act of doing it (the verb) is to "log in" or to "log on. after the programmed late time will start an SMS message to be sent out to the programmed contact person. Joseph Turek, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and Founder of Biometrics 2000, said, "This new software product is a great addition to the 'No Child Left Behind Program' since tardiness Tardiness Dagwood comic strip character; chronically late at the office. [Comics: “Blondie” in Horn, 118] ten o’clock scholar schoolboy who habitually arrives late. [Nurs. and absences can be followed in real time. A pilot program in Taiwan has demonstrated the simple installation with very quick and accurate results." BIO is in the process of completing a merger with VillageWorld.com (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :VILW). Terms of the merger agreement provide that BIO will merge into a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of VillageWorld and in exchange the shareholders of BIO will be issued shares of VillageWorld's Common Stock that will approximate 55 percent of the outstanding shares of VillageWorld following the transaction, calculated on a fully diluted basis. About Biometrics 2000 Biometrics 2000 is a company that develops identification and security products that recognize people through their unique characteristics such as fingerprints. Fingerprint readers solve the significant problems associated with traditional access methods from a security standpoint. Fingerprint technology also will be preferred in the future over other methods such as smart cards Example of widely used contactless smart cards are Hong Kong's Octopus card, Paris' Calypso/Navigo card and Lisbon' LisboaViva card, which predate the ISO/IEC 14443 standard. The following tables list smart cards used for public transportation and other electronic purse applications. , magnetic stripe cards A magnetic stripe card is a type of card capable of storing data by modifying the magnetism of tiny iron-based magnetic particles on a band of magnetic material on the card. and conventional keys, all of which can be lost or stolen. About Autostar Technology, PTE LTD. Established in 1997, Autostar Technology has developed many innovative smart card and fingerprint-related products and solutions. Our products are widely used in the market for Internet payment, loyalty programs, high security access control, Time and Attendance applications, network access and more. About VillageWorld.com VillageWorld.com's subsidiaries, VillageNet, Inc. and Intelligent Computer Solutions, Inc. have ceased operations in preparation for the consummation of the merger of Biometrics 2000 Corporation ("Biometrics") into the Company's wholly owned subsidiary, Biometrics 2000 Acquisition Corporation ("BAC BAC abbr. blood alcohol concentration "). The Company is continuing work on certain consulting projects; however, it is anticipated that the operations of the Company following the consummation of the merger will consist of continuing and advancing the business of Biometrics 2000 Corporation. This news release may include comments that do not refer strictly to historical results or actions and may be deemed to be forward-looking within the meaning of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the U.S. federal securities laws. These include, among others things, statements about expectations of future revenues, cash flows and capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. . Forward-looking statements are subject to risks and uncertainties that may cause the company's results to differ materially from expectations. These risks include the company's ability to consummate the merger, the company's ability to develop its new business, the company's ability to develop appropriate strategic alliances and successful development and implementation of technology, acceptance of the company's products and services, and other such risks as the company may identify and discuss from time to time, including those risks disclosed in the company's filings with the Securities and Exchange Commission. Accordingly, there is no certainty that the company's plans will be achieved. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion